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11465 Venice Blvd
Los Angeles, CA 90066
Multifamily Property For Sale
·
14 Units
Investment Highlights
- First Time on the Market in over 40 Years!
- Major Capex improvements include a new roof and Soft Story Retrofit completed within the last two years.
- $292k/unit for mostly 2 Bedroom units
- 56% rental upside
- Strong immediate GRM of 12.48 and stabilizes at 7.99 GRM and 9.44% Market Cap Rate
- A+ Location just minutes from Sony, Apple, HBO, Google and Meta
Property Facts
| No. Units | 14 | Building Size | 12,090 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.99/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | R3, Los Angeles - Multiple Dwelling | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 12,090 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,225,000 | |
| Land Assessment | $2,800,000 | Total Assessment | $4,025,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,800,000
Improvements Assessment
$1,225,000
Total Assessment
$4,025,000
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